Royal Sundaram Health Insurance

Royal Sundaram Health Insurance is one of the plans under Royal Sundaram General Insurance. The Royal Sundaram General Insurance Company Limited is a leading player in the Indian insurance industry. It may also Provide a substantial range of insurance products on various sectors like auto, travel, home, business.

The most active and insurance plans with a broad variety of benefits and inexpensive insurance plans is the Health Plans. Royal Sundaram was the first Insurance Company to introduce the concepts like cashless claims processes, cash allowances for hospitalization and value-add partnerships with top institutions to have an extensive market research.

Advantages of Royal Sundaram Health Insurance

Cashless hospitalization over 3000 plus network hospitals.

Coverage of 147 Day Care Expenses.

Pre and Post Hospitalization expenses.

Renewal for a lifetime.

ISO certified claims process.

Maternity coverage.

Pre-existing coverage after three years is waiting period.

Cumulative bonus for every claim free years from 5% upto 50%.

Tax Benefit under section 80(D) under all plans.

Extension in Sum Insured to additional 50% in case of accidents.

List of Royal Sundaram Health Insurance Policies

Lifeline Health Insurance Plans.

Family Good Health Plans.

Hospital Cash Plans.

Royal Sundaram – Lifeline Health Plan

Introduction:

In today’s active life schedule, we hardly care about our health, which leads to dangerous health condition with an increase in our age and lifestyle. So, to continuously monitor your health, Royal Sundaram Health Plans have Lifeline Insurance plans, which take care of your daily medical needs as well as medical emergencies.

Eligibility:

Entry age for the policyholder, spouse, and parents are 18 years with lifetime renewal option. Entry age for the Dependent Children is 91 days to 25 yrs. No Maximum age limit for this plan.

Policy Details:

Coverage type – Individual as well as the family floater.

Sum Insured Options:

Classic – 2 lakh, 3 lakh, and 4 lakh.

Supreme – 5 lakh, 10 lakh, 15 lakh, 20 lakh and 50 lakh.

Elite – 25 lakh, 30 lakh, 50 lakh, 100 lakh and 150 lakh.

Key Features:

Flexibility to choose the plans according to your requirements.

100% reload of Sum insured available at no extra cost charged.

Wide sum insured option from 2 lakh to 1.5 crores which are covered under three different options with different benefits.

No room rent capping/disease specific limits.

Key Benefits:

You can Double your sum insured in 5 claim free years with no claim bonus.

All day care procedures upto Sum insured is also covered under this plan.

It also Coversayush treatment as well as vaccination in case of an animal bite.

Premium paid is tax-free under Tax regime 80(C).

Exclusions:

The waiting period of 2-4 years is applicable for pre-existing diseases as per plans respectively.

Any illness or disease contracted due to the intake of alcohol or other addictive substances will not be covered.

Aesthetic, Cosmetic, or related procedures will not be covered.

Treatments consisting of non-allopathic medicine are not included in this policy.

Royal Sundaram – Family Good Health Plan

Introduction:

Royal Sundaram Family Good Health Insurance policy is an all-around health insurance plan that covers your medical costs in case of illness or accident. Family members can also include in this scheme. This Policy is the perfect Health protection for you and your family.

Eligibility:

Entry age for the policyholder, spouse and parents are 18 years to 65 years with lifetime renewal option. Entry age for dependent Children is 91 days to 21 yrs.

Policy Details:

Sum Insured –

3 Sum Insured options are available 2 lakh, 3 lakh, and 4 lakh. All these three options are available for both 1-year and 2-year policy duration.

Policy termination – Policyholder is allowed to terminate the policy at any time by giving the 15 days written notice. In case no claim has been made under the plan, a percentage of premium will be refunded.

Free look period – If you are not happy with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Key features:

The policy covers pre and post hospitalization charges for 30 and 60 days respectively.

Inpatient hospitalization costs are addressed in this plan.

Day care procedures which require less than 24 hours of hospitalization are covered under this policy.

Ambulance charges are included in this policy.

An extra benefit of accidental cover.

Key benefits:

The cashless facility was available across 3000+ hospitals all over India.

The cumulative bonus is provided for every claim free year from 5% up to 50%.

No medical examination is required up to an age of 50 years.

Income tax benefit on the premium paid as per Section 80D of the Income Tax Act.

Exclusions:

A waiting period of 4 years is applicable for pre-existing diseases.

Cosmetic, aesthetic, or related treatments will not be covered.

Any illness or disease contracted due to the intake of alcohol or other addictive substances will not be covered.

Treatments consisting of non-allopathic medicine are not included under this policy.

Royal Sundaram – Hospital Cash Insurance

Introduction:

Royal Sundaram’s Hospital Cash Insurance Policy provides the insurer with the benefit of fixed amount for each day of hospitalization. This benefit is provided irrespective of the medical cost. Also, It provides the insurer with the additional benefits of extra protection and takes care of expenses which are not covered under other Health Insurance Policy.

Eligibility:

Any Person aged between 1 year and upto 65 years old can be included in this plan. Dependent parents, spouse, children are all covered under this scheme. Lifelong renewals are applicable here.

Policy Details:

Coverage type is Individual or family.

Maximum Benefit Duration is 180 days.

For each completed period of 24 hours of hospitalization, the daily cash benefit is provided.

Policy termination: Policyholder is allowed to eliminate the policy at any time by giving a 15 day written report. The percentage of premium will be refunded, In case no claim has been made under the plan.

The system can be bought for self, spouse, dependent parents; dependent children from the age of 1 year to 65 Years and the policy can be renewed lifelong.

Free look period– If you are not satisfied with the coverage, terms, and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, no claim has been made.

Key features and benefits:

The cash benefit is provided of Rs 1,000 for 180 days.

Rs 2000 Cash benefit is provided in the case of hospitalization due to the accident.

Any person whose hospitalization exceeding 24 hours for 180 days will receive the daily allowance of Rs.500 to Rs.1000.

So, The cover is applicable up to 180 days.

Flexibility to choose from 2 different plans.

Under Sec. 80 D of Income Tax Act, the premium paid is exempt from Income Tax.

Discount of up to 10% on insuring 3 or more family members.

Steps to Apply for Royal Sundaram Health Insurance

Royal Sundaram Health Insurance Plans can be purchased online with absolute ease and without any documentation and hassle.

There is an option” Buy Now” in the Royal Sundaram website.

The required information needs to be filled up as given in the site.

Also, Depending on the Royal Sundaram Health Insurance plan, one can choose to buy the policy for one or two years.

The Policy will generate “Quote Id” which one should make a note for future reference.

Various payment options will be displayed, and one can choose according to his/her convenience.

The Royal Sundaram Health Insurance policy will be in force as soon as the payment is processed.